STATE OF PLAY (Target/stop loss 20/30 on GBPUSD & EURJPY, 40/60 on GBPJPY for system II; capital £20,000, 1.5% risk per trade)
System I signals (renamed from system II)
No live trades yet today.
July cumulative 97 pip loss (£-595).
Inside Bars (1% risk per trade)
The first whipsaw loss on inside bars!!
Closed - USDJPY - buy @ 107.86, 27 pip loss
Closed - USDJPY - sold @ 107.59, 27 pip loss
Closed - USDCHF - sell @ 1.0334, 34 pip loss
Closed - USDCHF - buy @ 1.0368, 0 pip profit
July cumulative 63 pip profit (£-396)
Swiss Army Knife special (1% risk per trade; place stops at 7am)
Monitoring only - 7/7 - break even, 8/7 2% loss, 9/7 1% win, 10/7 0%, 11/7 2% loss,14/7 1% win, 15/7 1% win, 16/7 1% win, 17/7 1% win, 18/7 break even, 21/7 break even, 22/7 2% loss
July cumulative to 4/7 131 pip loss (£-796)
Weekly Break Out (1% risk per trade GBPJPY)
Monitoring only - w/c 14/7 closed buy @ 212.04, 189 pip loss (1%), closed sold @ 210.15, 189 pip loss (1%), w/c 21/7 closed - sold @ 212.58, 136 pip loss, live - bought @ 213.94
July cumulative 224 pip loss (£-400)
Wednesday Special (1% risk per trade GBPJPY)
Monitoring only - 16/7 1% win
July cumulative 0 pip profit (£0)
July total cumulative 515 pip loss or £-2,207 (-11.0%)
Daily pivots: GBPUSD 1.9962, EURJPY 169.36, GBPJPY 213.46
Wednesday, July 23, 2008
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